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Report: JD Power Said To Be Targeted For Acquisition By Chinese Buyout Firm

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According to a report by Reuters, McGraw Hill Financial Inc (NYSE: MHFI)'s J.D. Power and Associates division is being eyed as a potential acquisition target by a China-based buyout firm.

Reuters, citing "people familiar with the matter," noted that China-based XIO Group is among several firms that are interested in acquiring the car quality and reliability ratings company that could fetch a price tag of up to $1 billion.

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Advent International is another firm identified by Reuters as being interested in acquiring J.D. Power.

Shares of McGraw Hill traded as low as $97.24 on Friday and as high as $100.27. With less than two hours of trading remaining, shares were last seen at $98.97 – down 0.01 percent on the day.

 

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Posted-In: Advent International China Buy Out Firms JD Power Reuters XIO GroupM&A News Rumors